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body for pr. w ACCA Portal Dashboard | ARM. 88cmid=243357 LEG Business Course Free Online Youtu. Return to course New folder Myles Login Za.com - My Subscriptions Question 1 Not complete Mark 0.75 out of 1.00 P Flag question Applying the Accounting Equation and Financial Statement Articulation Answer the following questions. (Hint: Apply the accounting equation.) a. Intel Corporation had assets equal to 563,186 million and liabilities equal to $13,756 million for a recent year-end. What was the total equity for Intel's business at year-end? $ 49.430 million b. At the beginning of a recent year, JetBlue Airways Corporation's assets were $6,549 million and its equity was 1.546 million. During the year, assets increased $1 milion and Nabi increased $64 million. What was its equity at the end of the year? $0 x million c. At the beginning of a recent year, The Walt Disney Company's abilities equaled $29,864 million. During the year, assets increased by $2.918 million, and year end assets equaled 872,12 million. Liabilities increased $2,807 million during the year. What were its beginning and ending amounts for equity? Beginning equity: $ 39,342 ✓ million Ending equity: $ 39,453 million Check live chat story.txt natal.dmg is not commonly downloaded and may be dangerous

Answer 1

We know that, both side of balance sheet are equal i.e. Total Assets = Total liabilities (Equity +other liabilities) ANS (b): At the beginning Airways corporation's Assets = $6,549 million Assets increased by $44 million, ending balance of Assets = $6593 million Equity's beginning balance = $1,546 million Liabilities beginning balance = $5,003 million ($6549m-$1546m] Liabilities increased by $64 million, ending balance of liabilities = $5067 million [$5003m+$64m] Equity ending balance = $1,526 million [$6593m-$5067m]

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